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Jamie Loftus

๐Ÿ‘ค Speaker
4108 total appearances

Appearances Over Time

Podcast Appearances

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

It's utilitarianism, right?

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

How can I do the greatest good with the least resources and whatnot?

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

And it's it's the way a lot of these like and it's merged with this kind of thinking towards what billionaire types call long termism.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

And the gist of this is like it's not worthwhile for me to do stuff like pay taxes to have a society or guarantee like universal health care.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Instead, I should make instead the most ethical thing that I should do is make as much money as I personally can and then put that money into things that I believe will save the world, like research to stop AIs from killing everyone and getting to Mars and shit.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

It's a way for billionaires and the other mega rich to justify continuing to do exactly what they want and feel like they're saving the world.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Made a lot of Beanie Babies?

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

That's well, you know, that's I'm fine with that compared to these guys.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Because they're all doing the Elon Musk thing where they're pretending.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Anyway, Sam Bankman Freed is one of these guys.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

We're going to get into that.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

But we did this episode on It Could Happen Here.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

where he was kind of a tangential character in this very unsettling and insidious movement that is behind guys like Elon Musk who are claiming to be saving the world while just fucking over people.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

And then like four days after it came out, his entire life unraveled and his fortune disappeared overnight because he was a giant con artist.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

What a treat.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

It's very funny.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

So that's why we're talking about him right now.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Look, I shouldn't call anyone a schlub, but he looks like a schlub.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Yeah.

Behind the Bastards
CZM Rewind: How Sam Bankman-Fried Conned the Crypto World & The Sam Bankman-Fried Update

Anyway, so I yeah, Sam Bankman Freed was born in 1992 on the campus of Stanford University, continuing a long and proud tradition of absolutely nothing good ever coming from that hellhole.